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Just Published: "Sweden Information Technology Report Q4 2014"

New Computer Technology research report from Business Monitor International is now available from Fast Market Research


Boston, MA -- (SBWIRE) -- 10/21/2014 -- We made a small downward revision to the growth outlook for Sweden's IT market in 2014 in the Q4 update to reflect the weaker economic forecast from our Country Risk team. Even prior to the downgrade, growth was forecast to significantly underperform emerging markets in the region over the medium term , due to market maturity. Despite short-term challenges , the market will remain highly lucrative and there are many positives including a strong local system of software firms and the coverage and capacity of supporting data network infrastructure. Meanwhile, we identify data centres, cloud computing, and real-time business software and services as medium-term growth trends in Sweden. We also highlight the potential for Sweden to be a leading adopter of labour saving smart automation and assistant technologies as a result of high labour costs and its status as a leading innovator.

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Headline Expenditure Projections

Computer hardware sales are forecast to increase from SEK25.9bn in 2014 to SEK29.9bn in 2018, corresponding to a compound annual growth rate (CAGR) of 3.3% in local currency terms. Due to income growth trends in Sweden we expect the strongest area of the retail market will continue to be premium devices, but tablet growth is expected to slow considerably from 2014.

Software sales are forecast to increase from SEK38.4bn in 2014 to SEK44.3bn in 2018, corresponding to a CAGR of 3.4% in local currency terms. Expenditure on enterprise resource planning is expected to pick up over 2014 as deferred investments boost spending.

IT services sales are forecast to increase from SEK58.6bn in 2014 to SEK72.4bn in 2018, corresponding to a CAGR of 4.9% in local currency terms. Cloud service adoption is accelerating in Sweden and will drive IT service spending higher over the medium term.

Key Trends & Developments

The Swedish ERP market is both mature, with high penetration among large enterprises and SMEs, as well as highly competitive, with...

The Sweden Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Sweden Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Sweden.

Key Benefits

- Benchmark BMI's independent IT Industry forecasts for Sweden to test other views - a key input for successful budgetary and strategic business planning in the Swedish IT market.

- Target business opportunities and risks in Sweden's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Sweden.

- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).


BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering IT, regulatory changes, major investments and projects and significant national and multinational company developments.

Regional Overview

Cross-border analysis of regional markets, commenting on IT penetration (PC and internet) and market growth drivers (IT market size and IT market compound growth).

Country Market Overview

Structure, size and value of the industry sectors including hardware, software and services; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments and government authority.

BMI Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

IT Sector: IT industry value (US$bn); IT sector contribution to GDP (%); value of hardware, software and services industry (US$mn); PC, peripherals and software imports and exports (US$mn); PC, peripherals and software sales (US$mn); number of PCs (`000); PCs/100 inhabitants; internet users (`000); internet users per 100 inhabitants; broadband subscribers (`000); broadband subscribers per 100 inhabitants.

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